HUF expected to gather traction – Danske Bank

By FXStreet FXStreet (Edinburgh) – Analyst at Danske Bank Thomas Harr expects the Hungarian currency to strengthen in the medium term.

Key Quotes

“With the ECB expected to embark on further monetary easing, we think the forint could come under some upward pressure”.

“Furthermore, Hungary’s fairly strong external position is likely to be supportive for the HUF in the medium term”.

“We expect EUR/HUF to trade around 310 in the coming one to three months but still look for modest medium-term appreciation against the EUR, targeting EUR/HUF at 300 in 12M”.
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Source:: FX Street